5th Circuit: Platform Exclusion Bars Coverage For $400,000 Settlement Payment
(September 8, 2015, 1:48 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals held on Sept. 4 that a marine excess insurance policy’s “platform exclusion” precludes coverage for an underlying injury dispute, reversing and remanding a lower federal court’s ruling that ordered the insurer to reimburse the insured the $400,000 it paid toward a settlement (Michael Cash v. Liberty Insurance Underwriters Inc., No. 14-31072, 5th Cir.; 2015 U.S. App. LEXIS 15902).